Brief: Tata Teleservices (Maharashtra) Desires To Convert Full Amount Of Interest Related To AGR Dues Into Equity

Tata Teleservices (Maharashtra)

11/01/2022 11:17

Jan 11 (Reuters) - Tata Teleservices (Maharashtra) Ltd
 TTML.NS :
    * EXPRESSING DESIRE FOR CONVERSION OF FULL AMOUNT OF
INTEREST
RELATED TO AGR DUES INTO EQUITY
    * NET PRESENT VALUE (NPV) OF THIS INTEREST IS EXPECTED TO BE
APPROX 8.50 BILLION RUPEES
    * FOLLOWING CONVERSION, EXPECTED THAT GOVERNMENT WILL HOLD
ABOUT
9.5% STAKE IN CO
    * IN CASE OF CONVERSION, IT WILL RESULT IN DILUTION OF ALL
EXISTING SHAREHOLDERS OF CO

Further company coverage:  TTML.NS 

 ((Reuters.Briefs@thomsonreuters.com;))